What This Means for Crypto Firms
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The OCC approvals mark a major milestone for regulated crypto banking in the US:
Paxos’ platform can issue stablecoins under federal oversight
Ripple’s charter will not cover RLUSD issuance
BitGo is preparing for a potential IPO with ~$90B in assets under custody
While Ripple and Paxos aren’t seeking public listings, Circle already went public in May.
Federal oversight may simplify operations, increase trust, and attract institutional adoption — a turning point for digital asset infrastructure. -
Crypto firms may need to adjust strategies as regulations mature.